"We have not finalised yet, but something is brewing and at this stage we will not comment on that. Once we have signed we will come to the market with the story," Mr Manhando said.

BNC recently completed the internal review of the revised mine plan at its Trojan Mine to target the higher grade zones of the ore body, known as "massives", following the recent fall in the nickel price.

Prices of nickel plunged on international market due to increased supply as new projects came on stream while the use of pig iron as a substitute for nickel in steel production increased.
- bh24